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lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! n we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggles ] [ male announcer ] humana thanks the physicians, nurses, hospitals, pharmacists and other health professionals who helped achieve the highest average star rating among national medicare companies... and become the first and only national medicare advantage company to achieve a 5-star rating for a medica plan... your effortresult in
lou: great news on the economy, will higher taxes screw it up? two of the best economic thinkers join us, deutsche bank senior u.s. correspondents will be here joining us next. detroit on the edge of bankruptcy as city councilwoman with a rather direct, plain spoken solution saying it's simple. the city voted for obama. now obama must bail out mo-town, next. want to try to crack it? yeah, that's the way to do it! n we need a little bit more... [ male announcer ] at humana, we understand the...
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but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party. hopefully they will wake up to that. ate point washington works for us and not them. why can't they sacrifice and spend less of wour money so we don't have to pay more. a union blitz against private companies is a victoryry by big labor about to drive up the fax spill. wait until you hear this coming up next. now one plan to take union pensions off of the backs of taxpayers has failed in california. government unions declaring a major victory and killing off a reform victory that replaced with 401 k style investment plans. it is a defeat for taxpay
but our economy is teetering on economy. it is a stealth tax and never goes away and the funds don't go to highways and nothing down to encourage driving . the tax revenue will go somewhere else. >> john, i mentioned in the top of the segment that republicans are apparently okay or considering it. the new republican head of the committee in the house of representatives said he will not put it off of the table. >> if they do this, this is the quick path to being the minority party....
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the big thing he has his credibility on the economy. most people remember the recession, turning it around, job growth, balancing the budget, cutting -- you know, producing a surplus. for him to sit there and say, look, i am here to tell you that not me, not any predecessor could have fixed a broken economy that barack obama was giving. that has credibility with a lot of people out there. i think this speech at the market. lou: you have to be heartbroken if you missed my jock talk tonight. the president had had to fashion that a few more. he left us a really important facts. for example, ronald reagan's first term. extraordinary. what he did to turn aroundhe economy and he did in the first four years. franklin delano roosevelt, inheriting a depression for crying out loud. these are significant numbers. at the president was a little, if i may, and customarily modest, what do you think? >> he made the case commander going to hear it continued. before he was present their deficit quadrupled. bush 41 and 43. some now, you're looking abroad.
the big thing he has his credibility on the economy. most people remember the recession, turning it around, job growth, balancing the budget, cutting -- you know, producing a surplus. for him to sit there and say, look, i am here to tell you that not me, not any predecessor could have fixed a broken economy that barack obama was giving. that has credibility with a lot of people out there. i think this speech at the market. lou: you have to be heartbroken if you missed my jock talk tonight. the...
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the foundation of a strong economy. the president will lay out what that path is forward. >> something else is happening on friday. a new jobs report for august it will have a major impact on whether the president is a big bouncer not. lou: thank you, ed henry. fox news chief correspondent. it should be noted that the government cuts not only moving the goalposts at this convention, they moved the entire field. the obama campaign will send president clinton on the campaign trail next week with stops in ohio and florida. the romney-ryan campaign will be making campaign stops in iowa and new hampshire tomorrow. as they rollout a massive media offensive. their campaign will also start spending millions of the hundred million dollars that were raised in august for new advertisements that are scheduled to hit in several swing states. our next guest was a national cochairman of barack obama's 2008 presidential campaign. he delivered one of the speeches, nominating him for president. >> i am honored to second the nomination of
the foundation of a strong economy. the president will lay out what that path is forward. >> something else is happening on friday. a new jobs report for august it will have a major impact on whether the president is a big bouncer not. lou: thank you, ed henry. fox news chief correspondent. it should be noted that the government cuts not only moving the goalposts at this convention, they moved the entire field. the obama campaign will send president clinton on the campaign trail next week...
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or will it take to get back to a really help the economy? >> we need numbers that are roughly double that at least. so if we were adding over 200,000, 250,000, 250,000 jobs a month we would be in a robust labor market recovery. we have not had a month like that since i can remember when. the truth of the matter is the unemployment rate, as you noted, over 8 percent for coming on for years now. and there is no reason to think that number is going to budge. friday's number could take down, it could take up, but will be north of 8% for the foreseeable future. gerri: that is the norm, we have to expect as americans to make percent unemployment? >> it is not, and i don't think it is persist forever. but for example, the congressional budget office, the scorekeepers here in washington, they predict the imponderable be not of a percent for 2013 and 2014 before it really starts to come down and we see improvement in the labour market. gerri: i want to share something with you that the fed chairman had to say and get your reaction . this was the augu
or will it take to get back to a really help the economy? >> we need numbers that are roughly double that at least. so if we were adding over 200,000, 250,000, 250,000 jobs a month we would be in a robust labor market recovery. we have not had a month like that since i can remember when. the truth of the matter is the unemployment rate, as you noted, over 8 percent for coming on for years now. and there is no reason to think that number is going to budge. friday's number could take down,...
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and to is really better for the economy? rodney or obama? a leading harvard economist breaks down but the the kendis plans later. also, api credit cards making a comeback. but are these two good to be true? or financial adviser is all over it. we are on the case next on "the willis report." you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. ♪ gerri: bill clinton knows of the fire of the base. last night's speech was vintage. the answer in 60 seconds. ♪ gerri: former president bill clinton spoke last night, and here is his report card. dynamic, yes. a great orator, you bet. factually accurate, not a chance. we took a look at some of his claims and found the missing a few details. a lot of
and to is really better for the economy? rodney or obama? a leading harvard economist breaks down but the the kendis plans later. also, api credit cards making a comeback. but are these two good to be true? or financial adviser is all over it. we are on the case next on "the willis report." you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us...
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[cheers] [applause] [cheers] the old economy is not coming back. we have to build the new one for those people to do those jobs. [cheers and applause] president and education colleges and employers in working together to train people for jobs that are actually open in their communities. even more important, after a decade in which exploding college costs have increased a dropout rate so much that the percentage of our young people with four-year college degrees has gone down so much that we have dropped 60th in the world. and the percentage of college degrees. so the president's student loan reform is more important than ever. here is what it does. here is what it does. you need to tell every voter will you know about this. it lowers the cost of federal student loans and even more important, it gives humans the right to repay those loans at a than ever. here is what it does you need to tell every voter to lower the cost of federal student loans and has the right to to repay the loans with a low fixed percentage rate at 20 years. what does this mean
[cheers] [applause] [cheers] the old economy is not coming back. we have to build the new one for those people to do those jobs. [cheers and applause] president and education colleges and employers in working together to train people for jobs that are actually open in their communities. even more important, after a decade in which exploding college costs have increased a dropout rate so much that the percentage of our young people with four-year college degrees has gone down so much that we...
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what will you do to get the economy at of the ditch? reduce spending small business taxes 20 percent across the board and the keystone pipeline that is very specific within the first 100 days. lou: obama must think good thing it is from a and not reince priebus. >> the president needs to stop calling names and playing high-school student government and getting serious and how will the next four years me any better. >> we are seeing some battleground states in national polls in ohio is a significant lead and how concerned are you it could move that measure? >> you may have six tiers 70 million people watching. the debates matter is important for americans to focus not fighting for the future of the american -- republican party this president is not your daddy's democrats. bill clinton nor john kennedy but leftist in the white house that we have to defeat. lou: is the governor romney going to b.v. tea explainer in chief? obama's made a joke he was as clear and articulating the policies that have been followed clearer than anyone in the ad
what will you do to get the economy at of the ditch? reduce spending small business taxes 20 percent across the board and the keystone pipeline that is very specific within the first 100 days. lou: obama must think good thing it is from a and not reince priebus. >> the president needs to stop calling names and playing high-school student government and getting serious and how will the next four years me any better. >> we are seeing some battleground states in national polls in ohio...
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the chip maker saying economy is slowing down, and it's not picking up. the economy is beaten down. that worries me. >> did he blame george bush for the slow down? neil: he's not a phil moore fan, no. incredible. when someone like that says i see something dicey out here. >> not good, without question. intel lowering guidance for the future, below the range before, lowering margins saying people are not there buying pcs saying a lot aboutth consumer, the business community, not buying computers, and at the same time, people are buying tablets of the that's one of the republicans we are not selling as many pcs because of apple and amazon. neil: they are not big in that market. >> right, right. butt that in there as well. it's a sign of what's going on in the economy like the jobs picture. neil: a lot of people in both conventions said on our off air, we see a sputtering, struggling, not necessarily getting worse, but what we've got for awhile economy. how would that go down? >> without question. have you talked too a single person who says this going to take off, i see bright things
the chip maker saying economy is slowing down, and it's not picking up. the economy is beaten down. that worries me. >> did he blame george bush for the slow down? neil: he's not a phil moore fan, no. incredible. when someone like that says i see something dicey out here. >> not good, without question. intel lowering guidance for the future, below the range before, lowering margins saying people are not there buying pcs saying a lot aboutth consumer, the business community, not...
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economy, only dropped to 0.7%. alabama is now one of the state that has lower than average unemployment. and people credited to the law. the law encourages illegal aliens to leave the state. u.s. citizens can forward. crime in certain categories is down. it has been a real success story, interestingly, some of the opponents of immigration enforcement tide tide of protest. they didn't want these facts on the table. but the facts are powerful. >> when you lycÉe protest, how could they possibly change -- the testimony before the commission in a well, they were trying to shut down some of the speakers. >> especially when you deal with issues as controversial as illegal immigration. let's turn to a couple of things. we have also seen a commensurate decline in welfare. the state level, the federal level, jobless claims, what has been the impact their? >> we have seen the decline in jobless claims and states like arizona and alabama and other states that have very vigorously try to reinforce the rule of law. in terms of
economy, only dropped to 0.7%. alabama is now one of the state that has lower than average unemployment. and people credited to the law. the law encourages illegal aliens to leave the state. u.s. citizens can forward. crime in certain categories is down. it has been a real success story, interestingly, some of the opponents of immigration enforcement tide tide of protest. they didn't want these facts on the table. but the facts are powerful. >> when you lycÉe protest, how could they...
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it is their economy for sure. so i think that you're going to sea real problem in 2013 and 2014, but i do think it's obama's economy now. the republicans passed the tax cuts for one group, let's say all the wy through, not the very top group, , i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly at the beginning of the campaign. the democrats were the repuican -- the democrats or the republicans, which party led the discussion to the enduring that of the middle class sure enough, president obama shifted to a middle-class message that resonated, if only at the margin that was sufficient for victory. are the republics learned anything here? are they going to start talking about working men and women? working class and the american dream. >> i think they are. i think the presidential race s a real problem. because it wa
it is their economy for sure. so i think that you're going to sea real problem in 2013 and 2014, but i do think it's obama's economy now. the republicans passed the tax cuts for one group, let's say all the wy through, not the very top group, , i don't know where that negotiation is going to come out, but if they do that, i think that they will be held blameless for the economy. lou: as we wrap up here, i would like to ask you a question this way. because i said last year that i felt strongly...
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focusing on the economy with the here and now. if you feel left out were passed by, you have not failed. your leaders have failed you. gerri: that is pretty compelling. and the g.o.p. appeal to younger people? >> they can. they have to show willingness to take on entitlements and education but not just gloss owe over no hope but say this is how we do it. gerri: george w. bush talked about the big tent republican party the condi rice was eloquent with her speech. >> in ways it was the most complicated dealing with foreign policy and domestic. i thought it was a lot to chew on but it was delivered brilliantly. the crowd loved her. gerri: the specter of ronald reagan this every where. they mention him all the time, almost a ghost over the shoulder. this is from 1980. >> can anyone look at the record of this administration to say well done? and they compare the state of our economy when the carter administration took office and say keep up the good work? and our reduced standing today and say have four more years of this? gerri: could
focusing on the economy with the here and now. if you feel left out were passed by, you have not failed. your leaders have failed you. gerri: that is pretty compelling. and the g.o.p. appeal to younger people? >> they can. they have to show willingness to take on entitlements and education but not just gloss owe over no hope but say this is how we do it. gerri: george w. bush talked about the big tent republican party the condi rice was eloquent with her speech. >> in ways it was...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carully before investing. ♪ lou: the "a-team" has arrived. tell me this, what the bleep -- no. [laughter] how much of this election, let us get right to it, should president obama have called the governor christie, too, at least when he called president -- >> the second call should have been to governor christie, and they're is a message, bipartisanship. everyone has spoken of it. now they have to deliver because bottom line the american people want leaders, bipartisanship, and consensus solutions. lou: that is very good. the think anybody should put up with governor christie in the republican party? >> they're very annoyed with him at the moment and if he has any plans to run in 2016, he has a lot of hard work to do. the first obstacle is getti
rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carully before investing. ♪ lou: the "a-team" has arrived. tell me this, what the bleep -- no. [laughter] how much of this election, let us get right to it, should president...
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the economy was bad in 2008. it was bad in 2009. for that severe a recession to have occurred there should be a very sharp bounceback and very sharp and quick recovery. the deeper the recession the quicker the bounce back and that is not happening. is not happening because of the entire employer and tied business policies enacted by this senate and the administration. the avalanche of regulations is having a severe dampening effect on job creation. stuart: how are you feeling about your estimates tomorrow? >> we are going to go ahead and see 150,000 new jobs created over all. 160,000 in the private sector. the unemployment rate at 8.3% and that is too high. cheryl: good to have you both. thank you very much. dennis: consider this inconvenient truth. democrats attack met romney as corporate vampirebut democrats have invested big-time with bain capital and made money. liz macdonald is here with the bottom line. liz: we will show the names and they will come down on a scroll on the screen and we are seeing union foundation's and univer
the economy was bad in 2008. it was bad in 2009. for that severe a recession to have occurred there should be a very sharp bounceback and very sharp and quick recovery. the deeper the recession the quicker the bounce back and that is not happening. is not happening because of the entire employer and tied business policies enacted by this senate and the administration. the avalanche of regulations is having a severe dampening effect on job creation. stuart: how are you feeling about your...
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Sep 17, 2012
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>> i hate to say this to the economy. offers no guarantee that qe3 will underline the rate of growth. lou: these are not -- they don't have to have guarantees. they don't have to have the predictive is unpredictability that is so important to so many ceos of this big giant companies . we appreciated as always. one of the best. the crisis in the arab world worsens. the romney campaign says the united states is trapped and obama amateur hour. author of the new york times best selling book the amateur joins us. the chicago teachers union scheduled a vote on the deal. but it is clear that chicago students lost more than just a week of school. the american flag and shredded and burned. protesters chanting death to america. the white house chanting, but it is not about the obama doctrine. the "a-team" is up next. ♪ lou: joining us now to assess the foreign policy and the politics of this presidential campaign is ed klein, author of the new york times best seller, the amateur and the new york times bestsellers list for 17 week
>> i hate to say this to the economy. offers no guarantee that qe3 will underline the rate of growth. lou: these are not -- they don't have to have guarantees. they don't have to have the predictive is unpredictability that is so important to so many ceos of this big giant companies . we appreciated as always. one of the best. the crisis in the arab world worsens. the romney campaign says the united states is trapped and obama amateur hour. author of the new york times best selling book...
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Nov 23, 2012
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so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes just simply stopping, for the first time in some time ever, congress and our president actually think through public policy. >> absolutely. tax-cut reform on the one hand, and salomon reform on the other. if congress and the president move in that direction it would be a very, very positive signal that the political process is actually functioning. lou: a real quickly, we're out of time. some symbols, reasonable template. >> i think it is. lou: thank you for being here. president obama's reelection reigniting the debate about illegal immigration. what a republican ship on illegal immigra
so the fiscal cliff is a contraction in the government imposed into the economy of 45% of gdp. on the first order that will hit and reduce economic growth from 2 percent down some-1,-2 very easily. lou: in your judgment would be helpful, profoundly helpful for congress and this president to agree that there will leave everything, create a status quo for negotiations on a reform of the tax code that would take place over the course of six to nine months next year and hold in abeyance any changes...
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we know the only way well have a strong economy is with great schools. investing to workforce training. lots of folks whose jobs may have gone away. he wants to invest in infrastructure on things that can make a difference today and put people to work for a long period of time. >>neil: normally when you invest you have money to invest. >>guest: whether it is human capital, like education, whether it is jobs, skills, training, or information structure, these are long-term investments and when you build a miscellaneous or a road you have to borrow. >>neil: are you disappoint wed have not seep more bang for the buck? >>guest: first of all, we saw plenty of people working on a lot of the stimulus project as couple years ago and wn it comes to infrastructure, roads and bridges these are long stem -- long-term investments. >>neil: but we are down net-net. we have been building back over two years but even by your math that is weak number for recovery. >>guest: we should all be using the same math. the point is when this president --. >>neil: i just gave you th
we know the only way well have a strong economy is with great schools. investing to workforce training. lots of folks whose jobs may have gone away. he wants to invest in infrastructure on things that can make a difference today and put people to work for a long period of time. >>neil: normally when you invest you have money to invest. >>guest: whether it is human capital, like education, whether it is jobs, skills, training, or information structure, these are long-term investments...
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everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. gerri: up next, cyber crux newest victim, your financial adviser. while that's bad news for you and your wallet and how to protect yourself in two minutes. ♪ gerri: in focus tonight timesaver security. my next guest says, your financial adviser could be robbing you blind without him or her even knowing it. a new trend. cyber criminals targeting your financial adviser and taking off with your money. chairman and co-founder of identity theft 911. great to see you again. thank you for coming back. tell me how the scam works. >> well, the way it works is that basically invade your e-mail and when they have coopted your e-mail they take it over. they then reviewed different communications have. there are looking specifically for communications that you may be having with people with whom you have financial dealin
everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. gerri: up next, cyber crux newest victim, your financial adviser. while that's bad news for you and your wallet and how to protect yourself in two minutes. ♪ gerri: in focus tonight timesaver security. my next guest says, your financial...
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Nov 21, 2012
11/12
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she will spend that money in the economy. in fact much she will spend a lot of that extra raise at the retail store that employes are. so our study models the effect. basically, you can think of lower-paid employees as job creators when we give them a wage boost. increasing gdp if we assume that companies decide to only pass on about half of the cost of the increased peril. you're looking a $12 billion. melissa: i totally hear what you're saying that that money does not come out of thin air. it comes from the company. they they have dead take it from other workers. >> here is the good news. we have some real-life companies that we can compare, companies that pay better wages than the counterparts. costco has nearly double the sales per employee and sam's club, which is the wholesale club owned by walmart. this has been studied by folks at mit, harvard business school, wharton business school. when you staff appropriately, customers are happy and unhappy customers spend more money. melissa: they also have to charge higher pric
she will spend that money in the economy. in fact much she will spend a lot of that extra raise at the retail store that employes are. so our study models the effect. basically, you can think of lower-paid employees as job creators when we give them a wage boost. increasing gdp if we assume that companies decide to only pass on about half of the cost of the increased peril. you're looking a $12 billion. melissa: i totally hear what you're saying that that money does not come out of thin air. it...
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china's economy has been slowing. this infrastructure -- we don't have a dollar figure on it, but it is on the heels of the run-up that we have in the u.s. markets today. the european markets are going to simulate this. that could be a significant development tomorrow. virtually all the markets that are open in the vicinity of 1.5 to 2% that china is going to follow up and do all it can to stimulate infrastructure spending. that could be on the heels of a very strong market performance today. by the way, the dow jones up more than 230 points. the s&p 500 at the highest level in four years. do not be surprised if the president actually throws that back in wall street and saving bash me all you want. under my stewardship, you've doubled your money. more from charlotte after this. ♪ [ slap! ] [ slap! sp! slap! slap! ] ow! [ male announcer ] when your favorite foods fight you, fight back fast with tums smoothies. so fast and smooth, you'll forget you had heartburn. ♪ tum tum tum tutums [ male announcer ] tums smoothie
china's economy has been slowing. this infrastructure -- we don't have a dollar figure on it, but it is on the heels of the run-up that we have in the u.s. markets today. the european markets are going to simulate this. that could be a significant development tomorrow. virtually all the markets that are open in the vicinity of 1.5 to 2% that china is going to follow up and do all it can to stimulate infrastructure spending. that could be on the heels of a very strong market performance today....
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jobs and boost the economy. jobs and boost the economy. the stock market rallies big these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it was a gift. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer ] at humana, we believe there's never been a better time to share your passions... because the results... are you having fun doing this? yeah. that's a very nice cake! [ male announcer ] well, you can't beat them. [ giggles ] ohh! you got something huh? whoa... [ male announcer ] humana understands the value of spending time together that's a lot of work getting that one in! let's go see the birdies. [ male announcer ] on
jobs and boost the economy. jobs and boost the economy. the stock market rallies big these fellas used capital one venture miles for a golf getaway. double miles you can actually use... but mr. single miles can't join his friends because he's getting hit with blackouts. shame on you. now he's stuck in a miniature nightmare. oh, thank you. but, with e capital one venture card... you can fly any airline, any flight, any time. double miles you can actually use. what's in your wallet? alec jr? it...
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now, jim has already said, the first three subjects will be the economy, the economy, the economy. then the fourth subject will be health care. medicare, financing, and health care financing. to what your panelists were just talking about, this topic will i think this goes if you want the think about how to simplify the debate, one of my other bosses said, how much government really wants to match the much are we really willing to pay for? that is pretty simple. neil: that is what every election, if you think about it comes down to parry the middle of a crisis, but to that point, you say that 15 minutes, address these insurance. there are still time done answers to each question. can they go at each other, you know, unencumbered by a moderator or dominion know, something that it's in the way of them getting at each other? >> absolutely. the only ground rule is there will be a question posed at the beginning of each segment to each candidate and then they get about two minutes to go lay out what they have to say on an issue like the deficit, infrastructure, the economy. and then the
now, jim has already said, the first three subjects will be the economy, the economy, the economy. then the fourth subject will be health care. medicare, financing, and health care financing. to what your panelists were just talking about, this topic will i think this goes if you want the think about how to simplify the debate, one of my other bosses said, how much government really wants to match the much are we really willing to pay for? that is pretty simple. neil: that is what every...
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if we raise taxes wickets ithe economy into a tailspin. lou: you know, the choice, as i said, in terms of consequences for the polical or economic lle severe. i want to credit. i don't know if you rad his pie entitled the gop, the party of slightly fewer tax hikes. this has to be a carefully managed, if youwill be the mouthpiece of political choreography becausepublican party right now, the party o free enterise and individual freedom, self-reliance, and lower taxes andsmaller government is on the vergeof giving up it claims on lower taxes, smaller government, and, perhaps, peraps migrated dependency, less iindividual eedom and self-liance. it gives no much for the party to cling to politically. lou:here is the thing. the facts are actually on our side. when bush cut the taxrates i 2003, do you know what happened? more reenue. th percentage of that revenue. >> adelle want to give the full answer t this. we saw the sloest jo ceation. it was on match by the procession of 2008 and nine. this is such a complicated economy, as you know as well
if we raise taxes wickets ithe economy into a tailspin. lou: you know, the choice, as i said, in terms of consequences for the polical or economic lle severe. i want to credit. i don't know if you rad his pie entitled the gop, the party of slightly fewer tax hikes. this has to be a carefully managed, if youwill be the mouthpiece of political choreography becausepublican party right now, the party o free enterise and individual freedom, self-reliance, and lower taxes andsmaller government is on...
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Aug 25, 2012
08/12
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as i think the risk is, it's starting to affect the economy now. it will affect the economy more as we approach it, and for a president who needs better economic conditions to get reelected, that's a dangerous move. lou: certainly these markets is going to be responsive. they're going to be, it seems to me, and i want to get your thinking on it. it seems to me it will be making judgments in the weeks ahead but well before the election as to who will be president, and it will be making judgments about the policy on those push tax cuts, whether there will continue permanently on the automatic budget cuts as a result of sequestration. this is not something that can wait until the election or a lame-duck session, is it? >> it is better not to. i mean, the house republicans have actually already taken care of these problems. they have extended the current tax rate for one-year and passed along with that fast-track legislation for tax reform in 2013. there have replaced the sequester, the across-the-board cuts with targeted cuts that take place over long
as i think the risk is, it's starting to affect the economy now. it will affect the economy more as we approach it, and for a president who needs better economic conditions to get reelected, that's a dangerous move. lou: certainly these markets is going to be responsive. they're going to be, it seems to me, and i want to get your thinking on it. it seems to me it will be making judgments in the weeks ahead but well before the election as to who will be president, and it will be making judgments...
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Aug 24, 2012
08/12
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disapproving of his handling of the economy. still silent on the congressional budget office's dire forecast of what to expect if we go ov fiscal cliff? and with weekly unemployment claims on the rise, the president still trying to make a claim that his economic plan is working. white house spokesman jay carney trying to tie the economic policy of the president's to those two former president clinton. president clinton himself showing up in a brand-new campaign advertisement, telling voters that the president's plan does need a little more time to fix the middle class. >> this is a clear choice. the republican plan is to cover taxes for income people and go back to deregulation. that's what got us in trouble in the first place. president obama has a plan to rebuild america from the ground up. investing in innovation, education and job training. it only works if there is a strong middle class. that is what happened when i was president. we need to keep going with this plan. lou: his plan and clinton's presidency. what is the prob
disapproving of his handling of the economy. still silent on the congressional budget office's dire forecast of what to expect if we go ov fiscal cliff? and with weekly unemployment claims on the rise, the president still trying to make a claim that his economic plan is working. white house spokesman jay carney trying to tie the economic policy of the president's to those two former president clinton. president clinton himself showing up in a brand-new campaign advertisement, telling voters...
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even the old economy is being completely renovated. lou: rear watching clumsiness to deal with the answer to that question. >> we are not better off despite what obama is saying. the unemployment rate was 7.8% and today is 8.3%. the average income was around $50,000. today with real income is about 45,000. 10 percent drop of disposable purchasing power. that is not better off but bad news. lou: that decline has been significant and to put into context over the last 30 years wages have been stagnant. we have not been dealing with public policy on either side. what do see ahead? and what to encourage the winner to follow in order to return to prosperity? >> many have been sponsored in the program but one unconventional factor has not been focused on proposed four economy gave rise to the most rapid increase a workforce as well as per capita income. you can see the highest correlation was low-cost energy. america produced low-cost oil, guest, and nuclear power last issued 1970. so the high-cost energy of the democratic party has in fact,
even the old economy is being completely renovated. lou: rear watching clumsiness to deal with the answer to that question. >> we are not better off despite what obama is saying. the unemployment rate was 7.8% and today is 8.3%. the average income was around $50,000. today with real income is about 45,000. 10 percent drop of disposable purchasing power. that is not better off but bad news. lou: that decline has been significant and to put into context over the last 30 years wages have...
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higher taxes are not big of a deal if we're growing the economy. e economy is growing what, 1.5%? melissa: sort of like the whole pallet of jokers that got us into this mess we put them all right back in. >> yeah. i mean other than, maybe a binder or two full of women being elected to congress which is nice thing that happened last night. thereeare still a lot of jokers in congress, frankly don't wantnt to work together. they're like a bunch of children fighting over toys melissa in a sandbox where nobody wants to talk to anybody, nobody wants to compromise. we're out of time. >> this is reality. it is set. it is done. how do i protect money? do i buy gold? do i put it in cash and hid it? i don't want to put it in stocks because we're raing tax on capital gains. i think that is what a lot of selling today was all about. is the realization that the tax on capital gains is going up. you might as well get out right now and do something else with your money. >> dividends too. melissa: right. >> dividend payers such stars year-to-date are getting blasted aswell. that is crowded trade.
higher taxes are not big of a deal if we're growing the economy. e economy is growing what, 1.5%? melissa: sort of like the whole pallet of jokers that got us into this mess we put them all right back in. >> yeah. i mean other than, maybe a binder or two full of women being elected to congress which is nice thing that happened last night. thereeare still a lot of jokers in congress, frankly don't wantnt to work together. they're like a bunch of children fighting over toys melissa in a...
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Oct 16, 2012
10/12
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going, keeps our economy stagnant. it could be much worse than just stagnant. the small business guy particularly has 30, 40, 100 people looking at who can he put on part-time and who can he keep on full-time because part-time workers don't fall under obamacare. several hundred thousand employees. under the 30 hours number. all of a sudden exacerbating. look, we are budgeting for next year, we want to see what their health care costs, so far we are blank on that number for our projections. we haven't got a clue. neil: have you entertained the penalty? >> we are carefully combing our list of some 3000 plus people seeing who is marginally working full-time at who is not. @aybe we have to put them on full-time so they fall underneath that. that is the exact opposite effect of what the administration is claiming of people being put back to work. maybe millions of people in the ranks of the unemployed because you go from a full complement to part-time employment. listed by the department of labor they are employed, but they
going, keeps our economy stagnant. it could be much worse than just stagnant. the small business guy particularly has 30, 40, 100 people looking at who can he put on part-time and who can he keep on full-time because part-time workers don't fall under obamacare. several hundred thousand employees. under the 30 hours number. all of a sudden exacerbating. look, we are budgeting for next year, we want to see what their health care costs, so far we are blank on that number for our projections. we...
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Oct 17, 2012
10/12
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gerri: so you look at the economy as we've experienced it. face it, the recession was over in the spring of 2009, what do you make of the economy's performance now? >> well, it is the single worst we rover ri in the history of the u.s.. it's an awful recovery. it's as far below the next worst as the next worst is below the best. gerri: we got a long way to go. when you have 7.8% unemployment, when you have 24 million americans not working, you got to question what's going on. one of the big issues, taxes. now, the president said in that exchange, if you heard it, that he lowered taxes for small business, but when you look at it -- >> excuse me, sorry! gerri: bless you. >> thank you, what can i tell you. i've never done that befooe. gerri: unfortunately, i have. [laughter] we learned the small business tax as the president talked about is actually a tax deduction for health care, and it's so complicated that most small businesses don't want to take it. the irs talks people into taking the deduction so when you look at the performance, it is ju
gerri: so you look at the economy as we've experienced it. face it, the recession was over in the spring of 2009, what do you make of the economy's performance now? >> well, it is the single worst we rover ri in the history of the u.s.. it's an awful recovery. it's as far below the next worst as the next worst is below the best. gerri: we got a long way to go. when you have 7.8% unemployment, when you have 24 million americans not working, you got to question what's going on. one of the...
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i am trying to assess the current state of our economy. president and the democrats say it is improving. i beg to differ. we are weakening as we speak. what say you? >> looks to me the economy was drifting sideways through the summer with rising oil prices. be on coming fiscal cliff. we saw some signs of weakness and a lot of reports have been weak. today's unemployment report and mfg. i s m which had strong employment components. i thought we would have 100,000 jobs below consensus now looking for 130,000 jobs and unemployment rate that is steady. no real deterioration. stuart: more of the same. former president clinton called for president obama need four more years to finish the job. if we gave the president four more years and he put in place the policies he says he is going to put in place what whave a robust dynamic return to prosperity. >> i don't see how that is possible. the characteristic of obama's policies is massive national debt. the history that countries burdened with this debt do not grow rapidly and face prospect of a fin
i am trying to assess the current state of our economy. president and the democrats say it is improving. i beg to differ. we are weakening as we speak. what say you? >> looks to me the economy was drifting sideways through the summer with rising oil prices. be on coming fiscal cliff. we saw some signs of weakness and a lot of reports have been weak. today's unemployment report and mfg. i s m which had strong employment components. i thought we would have 100,000 jobs below consensus now...
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Sep 20, 2012
09/12
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. >> if it wasn't for bad news, obama wouldn't make news on the economy. people are getting the bad news, the median income going down, whether it is the debt that we have, whether it is the credit rating being downgraded, bankruptcy, when you talk about trust, we have a president who broke his word. he promised a better america. i'm america is much worse off than we were four years ago. our country is headed in the wrong direction. over 70% believe it, whether you're republican or democrat. everything the president has touched has been terrible. gerri: i want to bring in john fund, a columnist for the national review. what's going on with with income, the middle-class, it's a tragedy. what we need to do? >> uncertainty is the big cloud cover that his smoldering all of us. businesses have a trillion and a half dollars. sitting on the sidelines, not being invested in jobs, not being invested in productive enterprises. the reason is that all these regulations -- they don't know where it's going to go and this is going to decide a lot. the way to do this is r
. >> if it wasn't for bad news, obama wouldn't make news on the economy. people are getting the bad news, the median income going down, whether it is the debt that we have, whether it is the credit rating being downgraded, bankruptcy, when you talk about trust, we have a president who broke his word. he promised a better america. i'm america is much worse off than we were four years ago. our country is headed in the wrong direction. over 70% believe it, whether you're republican or...
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Sep 13, 2012
09/12
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economy. dave: if the slowness of the economy hits corporate earnings because as we just heard from meg whitman, hp is doing okay but they are firing people. they are letting people go to become more efficient. that is why their bottom line looks better and you multiplied that by hundreds of companies from the united states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize the risks if things go wrong from here but if you don't believe in the government and you don't believe in the u.s. currency because they are throwing so much money at it and you don't believe in government that when you do want to own are shares in corporations because they are the strongest entities in the world with a global footprint, good balance sheets. in a sea of uncertainty and lower returns one of the things you want to learn is a share of a growing stream of earnings and dividend and speculate by l
economy. dave: if the slowness of the economy hits corporate earnings because as we just heard from meg whitman, hp is doing okay but they are firing people. they are letting people go to become more efficient. that is why their bottom line looks better and you multiplied that by hundreds of companies from the united states that is why unemployment stays frustratingly high. won't that eventually hurt corporate profits? >> there is a lot that can go wrong and the fed was trying to minimize...